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Malaysian banker: ringgit should resume real value

放大字体  缩小字体 Post date:2015-04-14  来源:Xinhua  Views:82
Tips:The real value of Malaysia ringgit should be 3.30 against U.S. dollars based on the fundamentals of currency, said Abdul Farid Alias, President and CEO of Maybank, Malaysia's largest financial service

The real value of Malaysia ringgit should be 3.30 against U.S. dollars based on the fundamentals of currency, said Abdul Farid Alias, President and CEO of Maybank, Malaysia's largest financial service group.

The current depreciation of the ringgit is mainly caused by market emotions of greed and panic. It's severe capital flows and future market fluctuation that triggered volatility in the currency market, the banker said.

 


Keyword: malaysia

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